ABB India Q3 PAT seen up 94.4% at Rs 41cr, revenue may fall

Power and automation technology provider ABB will declare its third quarter (July-September) results today. Analysts expect the order inflow to remain flattish in the quarter gone by while high interest rates will continue to depress the capex cycle.

Revenue is likely to decline 4.6 percent year-on-year to Rs 1,725 crore in three-month period ended September 2013 as its June quarter order book was down 10.2 percent Y-o-Y.

Profit after tax may rise 94.4 percent on yearly basis to Rs 41.5 crore during September quarter due to low base in a year ago quarter.

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Margin recovery in June quarter is likely to continue in September quarter as well, supported further by a low base and commodity costs.

Earnings before interest, tax, depreciation and amortisation (EBITDA) is seen rising 54.6 percent Y-o-Y to Rs 103 crore and operating profit margin may jump 230 basis points Y-o-Y to 6 percent in second quarter.